§ 56. Mr. Gledhillasked the Chancellor of the Exchequer the total amount of public money lent to credit-worthy borrowers under the Agricultural Credits Act since 1922; and how much of that total has been written off as lost to the taxpayer?
§ The Chancellor of the Exchequer (Sir Kingsley Wood)Under Section 1 of the Agricultural Credits Act, 1923, the Public Works Loan Commissioners advanced £4,766,119, of which £18,700 has been remitted, and £33,566 written off from the assets of the Local Loans Fund by Parliament.